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Availability Requirements
Must be a First-Time Homebuyer or not own a home in the last three years.
Must complete Homebuyers workshops:
(1) Homebuyer’s training/counseling.
(2) Budget counseling.
(3) Home maintenance counseling.
8 All school age children must attend school regularly,with no noncompliance notices from their school.
8 The purchaser must qualify for an FHA, VA orConventional Mortgage Loan.
8 Minimum down payment: Purchaser must contributeat least one (1) percent of the purchase price of the home.
SAHA also partners with community based organizations, like Neighborhood Action Division, Bexar County Mortgage Revenue Bond Program, and Consumer Credit Counseling Service of Greater SA, to ensure families have vital homeownership counseling and help in the home buying process.
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INCOME QUALIFICATIONS*
HOUSEHOLD INCOME MUST NOT EXCEED 80% OF AREA MEDIAN INCOME
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TOTAL HOUSEHOLD
FAM. MEMBERS
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30% of
median
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Very Low
Income
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Low
Income
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1
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11,250
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18,800
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30,050
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2
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12,900
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21,500
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34,350
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3
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14,500
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24,150
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38,650
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4
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16,100
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26,850
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42,950
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5
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17,400
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29,000
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46,400
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6
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18,700
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31,150
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49,800
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7
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19,950
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33,300
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53,250
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8
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21,250
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35,450
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56,700
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| * If your income exceeds these paramenters, please contact us for other home purchase opportunities. |
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